Well well well, as it turns out, this Evergrande situation turned out to be nothing more than FUD for the most part. Bitcoin briefly hit 39k and the media and people on this sub started putting out stuff saying that we're in a bear market now and that bitcoin would crash to 30k, but instead it immediately bounced back to 41k+ and Evergrande met their debt deadline. The next time a market event like this occurs we should just refer to it as "pulling an Evergrande". A move back to 47-48k seems imminent now.
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